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So is the lifestyle being subsidized that of those researchers Zuck hired for $100M? That's a meaningfully different usage of the phrase than the original "millennial lifestyle subsidy" to the point where the comparison isn't useful. Or again, is it just the fact AI products are being offered below cost?


The case for pessimism looks something like:

- Generative AI, at a below market cost, eats the internet and becomes the primary entry point

- Some combination of price hikes and service degradation, ads etc, make generative ai kinda shitty

- We’re stuck with kinda shitty generative ai products because the old internet is gone

This is the standard enshitification loop really


Don't forget about 'sponsored content' and ads appearing in the shitty AI results.




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